May 16, 2014, 01:00 PM

"We're looking for double-digit growth, and we have been doing that for most quarters the last three and half years. That's not what the market has been doing. So we are gaining market share, a lot of it is because of the investment we've made in the last three years – over $1 billion in R&D, rewriting all of our products," Phillips said during a live TV interview with Bartiromo. "We decided to do that while we were private, and transition to the cloud. So now the cloud is helping drive some of our growth as well. Customers want applications that are easier to use and easier to deploy."